Pakistan, IMF reach agreement on measures to release $500 million

Pakistan, IMF reach agreement on measures to release $500 million

ISLAMABAD (Dunya News) – The International Monetary Fund and the Pakistani authorities have reached an agreement on a package of measures to complete second to fifth reviews of the authorities’ reform program supported by the IMF Extended Fund Facility (EFF).

An International Monetary Fund (IMF) team led by Ernesto Ramirez Rigo, concluded virtual discussions with the Pakistani authorities and reached a staff-level agreement on the second to fifth reviews of the authorities’ reform program supported by the IMF 39-month Extended Fund Facility (EFF) arrangement for the amount of SDR 4,268 million (about US$6 billion).

The agreement is subject to the approval of the IMF’s Executive Board. The reviews’ completion would release around US$500 million.

Read More : https://dunyanews.tv/en/Business/588385-IMF-resumes-Pakistan-loan-program

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